A Step-by-Step-Guide on how to buy DigitalBits (XDB)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. DigitalBits (XDB) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find DigitalBits (XDB) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To invest in DigitalBits (XDB) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To spot DigitalBits (XDB), you'll need to insert the shortname of the coin (XDB) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have highlighted this too. Click on “XDB/BTC” to continue.
Step 4 – Buy DigitalBits (XDB) Once you have discovered DigitalBits (XDB), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent rate DigitalBits (XDB) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of XDB you want to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the whole quantity of XDB. If you are satisfied, click on “Buy XDB”. Your plan will be filled when a Seller trades their XDB for the price you offered.
Step 5 – Withdraw DigitalBits (XDB) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extended period of time. To take off your DigitalBits (XDB), go to the tab called “Funds” and click on “Withdraw”. DigitalBits (XDB) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DigitalBits (XDB) by using the given drop-down box. Put into the quantity of DigitalBits (XDB) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a take off.